Global Cultured Meat Market

Cultured Meat Market: Insights

Cultured meat is produced by using tissue engineering techniques instead of using slaughtered animals as a source of meat. Also known as cellular agriculture, which develops meat from animal cells. Cultured meat is eco-friendly and reduces greenhouse gas as compared to the regular meat slaughtering process. The market will register a high growth rate between 2021-2026 due to the growing consumption of nutritional meat globally. The growing demand for alternative protein food, rapid advancements in cellular technologies, increasing investments by key players, and stringent rules on regular animal slaughtering methods are the primary factors driving the market growth for cultured meat. However, high set cost and growing consumption of plant-based protein are hampering the market growth.

Cultured Meat Market: By Source

Based on the source, the market is segregated into beef, pork, poultry, seafood, and duck among others. The poultry source segment will occupy the largest share and generate huge revenue in the market during the prediction period. The growing demand for poultry-based meat products across the food industry along with an increasing number of quick-service restaurants globally are supporting the market growth.

Cultured Meat Market: By End-User

Based on the end-user, the market is divided into meatballs, nuggets, hot dogs, burgers, and sausage. The nuggets segment will be the dominating segment in the end-use sector. Changing lifestyles and growing consumption of junk food products are boosting the market growth.  Chicken nuggets are widely preferred as they contain B-vitamins and a high amount of proteins.  The rapid growth in retail food chains such as KFC, Burger King, McDonald's, and Subway among others is boosting the market. The easy availability of nuggets in the supermarkets, marts, convenience stores, and hypermarkets are also supporting the market growth.

Cultured Meat Market: By Region

Based on the region, the North American region holds the major chunk in the global market.  The increasing food processing companies in the U.S and Canada are positively impacting the market growth. Increasing investments in alternative proteins, R&D activities, innovations in cultured meat, and health concerns are the key drivers boosting regional growth. The presence of prominent cultured meat producers such as Finless Foods Inc, Appleton Meats, Seafuture Sustainable Biotech, Kiran Meats, Balletic Foods, and Memphis Meats are supporting the regional growth.

Cultured Meat Market: Share & Competitor Analysis

Key players operating in the market include are Seafuture Sustainable Biotech, Memphis Meats, Cell Farm FOOD Tech/Granja Celular S.A., Meatable, Fork & Goode, Appleton Meats, MosaMeat, Cubiq Foods, Higher Steaks, Kiran Meats, Biofood Systems LTD, SuperMeat, Future Meat Technologies Ltd, Balletic Foods, Cubiq Foods, Just, Inc, Lab farm Foods, Avant Meats Company Limited, Integriculture, Wild Type, and Aleph Farms Ltd among others.

Please note: This is not an exhaustive list of companies profiled in the report.